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International Paper Reports Second Quarter 2024 Results

Net sales for the second quarter of 2024 were $4,734 million, up from both 1Q 2024 and 2Q 2023.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

International Paper reported second quarter 2024 financial results. Net sales for the second quarter of 2024 were $4,734 million, up from both 1Q 2024 and 2Q 2023. Second quarter net earnings were $498 million ($1.41 per diluted share), including a tax benefit of $338 million ($0.96 per diluted share) related to internal legal entity restructuring. Second quarter cash provided by operations weas$365 million and the company returned $160 million to shareholders in dividends. “Reflec...

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